Many people ask us What is a Short Sale?

Date: 10 Oct 2009 Comments: 0

A short sale is when the seller of a property is going into default and is upside down on their mortgage. The property is worth less than the mortgage amount and the seller does not have the financial wherewithal to honor their debt obligation to the lender.

Tagged as:

Published by Dave in: Buying Foreclosures or Short Sales Stopping Foreclosure

If you like this blog please take a second from your precious time and subscribe to my rss feed!

Leave a Reply